Indigo Commences Drilling on its Uranium Project in Shirley Basin, Wyoming
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) has initiated a 50-hole drill program at its uranium project in Wyoming's Shirley Basin. The Hot Property, spanning 5.75 km², is situated adjacent to major uranium projects including Uranium Energy Corp.'s Shirley Basin project and Ur-Energy's Shirley Basin mine.
The drilling campaign will systematically explore the southern part of the property, targeting areas with favorable historic intercepts within 53 metres from surface, as well as previously undrilled zones. The holes will be spaced approximately 160 metres apart, focusing on characterizing uranium mineralization through downhole gamma ray geophysical logging. The program aims to develop a stratigraphic framework to model near-surface uranium roll fronts and is expected to complete in 10 days.
The property has a historical database of over 200 uranium exploration holes completed between 1957 and 1975. The adjacent Ur-Energy's Shirley Basin project holds an NI 43-101 Measured and Indicated Resource of 8.8 Mlb U3O8 grading 0.23% and is currently under construction.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) ha avviato un programma di perforazione di 50 fori nel suo progetto sull'uranio nel bacino di Shirley, in Wyoming. La proprietà Hot Property, che si estende per 5,75 km², si trova accanto a importanti progetti di uranio, tra cui il progetto Shirley Basin della Uranium Energy Corp. e la miniera Shirley Basin della Ur-Energy.
La campagna di perforazione esplorerà sistematicamente la parte meridionale della proprietà, mirando ad aree con storici risultati favorevoli entro 53 metri dalla superficie, così come zone precedentemente non perforate. I fori saranno distanziati di circa 160 metri, concentrandosi sulla caratterizzazione della mineralizzazione di uranio attraverso la registrazione geofisica gamma ray in foro. Il programma mira a sviluppare un quadro stratigrafico per modellare i fronti di uranio vicino alla superficie ed è previsto che si completi in 10 giorni.
La proprietà ha un database storico di oltre 200 fori di esplorazione dell'uranio completati tra il 1957 e il 1975. Il progetto adiacente della Ur-Energy, Shirley Basin, possiede una riserva misurata e indicata NI 43-101 di 8,8 Mlb U3O8 con una gradazione dello 0,23% ed è attualmente in costruzione.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) ha iniciado un programa de perforación de 50 agujeros en su proyecto de uranio en la cuenca de Shirley, Wyoming. La propiedad Hot Property, que abarca 5.75 km², se sitúa adyacente a importantes proyectos de uranio, incluyendo el proyecto de cuenca de Shirley de Uranium Energy Corp. y la mina Shirley Basin de Ur-Energy.
La campaña de perforación explorará sistemáticamente la parte sur de la propiedad, apuntando a áreas con interceptos históricos favorables a menos de 53 metros de la superficie, así como zonas que no han sido perforadas anteriormente. Los agujeros estarán separados entre sí aproximadamente 160 metros, enfocándose en caracterizar la mineralización de uranio a través de la loggers geofísicos gamma ray en el pozo. El programa tiene como objetivo desarrollar un marco estratigráfico para modelar los frentes de uranio cerca de la superficie y se espera que se complete en 10 días.
La propiedad cuenta con una base de datos histórica de más de 200 agujeros de exploración de uranio completados entre 1957 y 1975. El proyecto adyacente de Ur-Energy, Shirley Basin, tiene un recurso medido e indicado NI 43-101 de 8.8 Mlb U3O8 con una ley del 0.23% y actualmente se encuentra en construcción.
인디고 탐사 (TSXV: IXI) (OTCQB: IXIXF)는 와이오밍의 셜리 분지에서 우라늄 프로젝트에 대한 50개 홀 시추 프로그램을 시작했습니다. 5.75 km²에 달하는 핫 프로퍼티는 우라늄 에너지 공사의 셜리 분지 프로젝트와 Ur-Energy의 셜리 분지 광산 등 주요 우라늄 프로젝트에 인접해 있습니다.
이번 시추 캠페인은 부동산의 남쪽 부분을 체계적으로 탐사하며, 표면에서 53미터 이내의 역사적으로 유리한 지점들을 목표로 하고, 이전에 시추되지 않은 구역도 포함됩니다. 시추 구역은 약 160미터 간격으로 배치되며, 홀 내부의 감마선 지구물리학 로그를 통해 우라늄 광물화를 특성화하는 데 집중합니다. 이 프로그램은 수면 근처의 우라늄 롤 프런트를 모델링하기 위한 층상 구조를 개발하는 것을 목표로 하며, 10일 이내에 완료될 것으로 예상됩니다.
이 부동산은 1957년과 1975년 사이에 완료된 200개 이상의 우라늄 탐사 홀의 역사적인 데이터베이스를 보유하고 있습니다. 인접한 Ur-Energy의 셜리 분지 프로젝트는 8.8 Mlb U3O8의 측정 및 지시 자원(NI 43-101)을 보유하고 있으며, 현재 건설 중입니다.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) a lancé un programme de forage de 50 trous sur son projet d'uranium dans le bassin de Shirley, Wyoming. La propriété Hot Property, s'étendant sur 5,75 km², est située à côté de projets d'uranium majeurs, notamment le projet Shirley Basin d'Uranium Energy Corp. et la mine Shirley Basin de Ur-Energy.
La campagne de forage explorera systématiquement la partie sud de la propriété, visant des zones avec des interceptions historiques favorables à moins de 53 mètres de la surface, ainsi que des zones précédemment non forées. Les trous seront espacés d'environ 160 mètres, avec pour objectif de caractériser la minéralisation de l'uranium grâce à la journalisation géophysique gamma ray en profondeur. Le programme vise à développer un cadre stratigraphique pour modéliser les fronts de roulis d'uranium près de la surface et devrait être achevé en 10 jours.
La propriété possède une base de données historique de plus de 200 trous d'exploration de l'uranium réalisés entre 1957 et 1975. Le projet adjacent de Ur-Energy, Shirley Basin, détient une ressource mesurée et indiquée conforme à la norme NI 43-101 de 8,8 Mlb U3O8 avec une teneur de 0,23% et est actuellement en construction.
Indigo Exploration (TSXV: IXI) (OTCQB: IXIXF) hat ein Bohrprogramm mit 50 Bohrlöchern in seinem Uranprojekt im Shirley Basin, Wyoming, gestartet. Das Hot Property erstreckt sich über 5,75 km² und liegt in der Nähe bedeutender Uranprojekte, einschließlich des Shirley Basin Projekts der Uranium Energy Corp. und der Shirley Basin Mine von Ur-Energy.
Die Bohrkampagne wird systematisch den südlichen Teil des Grundstücks erkunden und dabei Bereiche mit günstigen historischen Interzepten in bis zu 53 Metern Tiefe sowie zuvor unbeprobte Zonen ansteuern. Die Bohrlöcher werden etwa 160 Meter voneinander entfernt sein und sich auf die Charakterisierung der Uranmineralisierung mittels gammastrahlen geophysikalischer Protokollierung im Bohrloch konzentrieren. Das Programm zielt darauf ab, einen stratigraphischen Rahmen zu entwickeln, um die nahen Oberflächen-Uran-Rollfronten zu modellieren, und soll in 10 Tagen abgeschlossen sein.
Das Grundstück verfügt über eine historische Datenbank von über 200 Uranexplorationsbohrlöchern, die zwischen 1957 und 1975 abgeschlossen wurden. Das benachbarte Ur-Energy Shirley Basin Projekt umfasst eine gemessene und angezeigte Ressource gemäß NI 43-101 von 8,8 Mlb U3O8 mit einem Gehalt von 0,23% und befindet sich derzeit im Bau.
- Strategic location adjacent to major uranium projects with proven resources
- Extensive historical exploration data with over 200 holes
- Shallow mineralization within 53 metres from surface
- Rapid execution timeline of 10 days for 50-hole program
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INEN) (the "Company") is pleased to announce that it has commenced a planned 50-hole drill program on its highly prospective uranium project located in the past producing Shirley Basin of Wyoming. The Hot Property covers a 5.75 km2 (2.2 miles2) area of the Basin and has seen over 200 uranium exploration holes completed between 1957 and 1975. The Project is located adjacent to Uranium Energy Corp.'s (UEC-NYSE) Shirley Basin project, Ur-Energy Inc.'s (URG-NYSE) Shirley Basin mine, and Nuclear Fuels Inc.'s (NF-CSE) Bobcat Uranium Project. Ur-Energy's Shirley Basin project hosts an NI 43-101 Measured and Indicated Resource of 8.8 Mlb U3O8 grading
This of Indigo's first drill campaign on its
Figure 1: Shirley Basin Uranium Project Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3717/236404_a587573a24af4a10_001full.jpg
1Updated Initial Assessment Technical Report Summary on Shirley Basin ISR Uranium Project, Carbon County Wyoming, USA dated March 4, 2024 and prepared by Western Water Consultants, Inc.
2 Ur-Energy Announces Decision to Build Out Shirley Basin Mine: Press Release dated March 13, 2024
On Behalf of the Board of Directors, "Paul Cowley", President and CEO
For further information, please contact: Paul Cowley: (604) 340-7711 Website: www.indigoexploration.com
Bradley Parkes, P.Geo., VP Exploration and Director of Indigo Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has read and approved the technical content of this news release.
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236404
FAQ
What is the size and scope of Indigo Exploration's (IXIXF) uranium drilling program in Shirley Basin?
How long will IXIXF's Shirley Basin drilling program take to complete?
What is the historical significance of IXIXF's Hot Property in Shirley Basin?
Who are IXIXF's neighboring companies in the Shirley Basin uranium district?
What is the primary objective of IXIXF's current drilling program?
